- Nov 16, 2011
- Reaction score
You have to mention it to the rep that you are coming off a unlimited account and want the max 6 gig plan, and check your invoices afterwards.
First, let's give you one important distinction between me and the examples above. In my case, there was an existing dummy phone that was already costing me $10 per month. All I did was do the Edge on that phone, then move it to my line. So for me, there is no added $10 per month, or $120 per year. But in my case, there was also a phone trade in and an activation fee waiver. Let's forget the tax in each example...it's a wash either way.
So, let's go over the math above in my scenario...and let's not forget two very important parts. First if you trade in a working phone on an upgrade (they MAY also do this for new activations but I don't know and so I am assuming no) - no matter how old it is (I traded a Droid Pro), they give you $100. That phone wasn't worth $10. So I figure I did OK there. Then there was the activation fee waiver - another $35. So before I've even signed the agreement I'm up $135.
Then, the cost... for my Droid MAXX, it's $20.83 per month (see my bill below)
View attachment 69946
This takes into consideration the $100 up front for the trade, otherwise it would have been $25 as in the examples above). I pay this $20.83 per month for 12 months, at which time I can turn the phone in and pay nothing, then start all over again with a brand new phone. After that first 12 months, I've paid $249.96...but wait...I got the activation fee waiver (remember?), so in all actuality I only paid $214.96 for the 12 months, or $17.92 per month!
$20.83 * 12 = $249.96 - $35 = 214.96 / 12 = $17.92 per month net (and that doesn't even take into consideration time value of money or opportunity of interest cost on the difference between that and the $635 I'd have to pay up front). And I still have Unlimited Data on my phone number, and no new contract on that number...so I can walk at 12 months, give the phone back and go elsewhere if I choose.
If I bought that phone outright for $600 out of pocket (plus $35 activation), how much could I expect to get for it if I sold it one year later (given a new series of models of phones would be out then)? Well, could I expect $485? Let's say I could (yeah, right...). If so, then I am back at square one again - same place I'd be if I turned the phone in on my Edge plan. In this example the purchase outright would "appear" to be a better deal at $150 net total.
Now the major distinction here is that in the first example, I walked out of the Verizon Phone Center store without even taking my wallet out of my pocket. I paid absolutely NOTHING and was handed a brand new Droid MAXX. In fact, there was also the trade in and waiver of the activation fee - another $135 in credits to me, so really, I walked out some $135 in the black - PLUS a BRAND NEW PHONE. The other guy who paid $600 up front also paid $35 for an activation, so he's in the hole $635 before he leaves the place. He may be up by $64.96 after 12 months ($635 - $485 = $150 versus my $214.96, or a difference of $64.96...$5.41 per month for the 12 months), but I only had to meet those monthly payments and got to keep my $635 in my pocket while leaving with the same phone and the same unlimited data.
I agree that the $10 per month for adding a line is an additional cost, and since that wouldn't be an upgrade, there (probably) isn't either the $100 credit *(can anyone confirm or deny this?)... I understand they ARE waiving the $35 activation fee for new Edge palns, but in that case, the cost for the phone is $420.00 and you give it back with no equity. That isn't a great deal if you don't need the second line or don't already have a dummy line (think phone for the kids, for instance).
Anyway, as has kind of been mentioned, rumors pop-up about every 3 months (going on 3+ years) that VZW will be ending unlimited data shortly. The June cut-off is pure speculation based on some backdoor extrapolation of the last eligible upgrades (which I thought was LAST July, actually).
As far as I know, VZW has rarely, if ever, NOT honored grandfathered contracts. There have been numerous promotions and incentives/disincentives to entice/push people off unlimited, which seems to be the direction they have chosen rather than just take it away. They are managing their risk (network capacity) by enticing people off unlimited, and I suspect the number of remaining users with unlimited is already small enough not to be of much concern.
I mean, c'mon, they even let people SELL[transfer] their unlimited plans!!! PLUS they have essentially a "data hog" clause in their TOS which they could use to boot-off the really heavy users, and that's a hammer they haven't used despite all the crying and ruckus about "ending unlimited". I don't expect unlimited to go anywhere for at least 2+ years until VoLTE is rolled-out nationwide. Even then, you will probably be able to keep your unlimited data in the event they don't offer VoLTE for those grandfathered unlimited plans.
Worst case scenario: you buy a new phone retail and a month later VZW ends unlimited. You could still get probably 80%+ of what you paid for the phone on EBAY/Swappa. Alternatively, you could then just sign a new contract, take the subsidized upgrade, and flip it new-in-the-box for $50-$100 below retail. So your risk isn't $600+, it's probably less than $100 in the worst-case.
Well, I haven't used a Verizon upgrade the last couple of times, because I didn't want to lose the good 'ol Unlimited Data plan.
But recently, I found out about the 6GB Max Plan. Since I only use about 2.5 GB / month, I decided that the 6GB will be fine for me for a long time, so I took advantage of the upgrade and stepped away from the unlimited plan.
Has anyone reached the end of a 2yr contract with the 6GB max plan? Will it revert to 2GB, or remain 6GB as a Grandfathered line?
I'm genuinely curious about this. I've seen reports both ways.
Are you sure? I'm pretty sure the last line on my family plan that was upgraded to a standard 2 year contract with unlimited data doesn't expire until June 2014.They did away with Unlimited Data on July 6th, 2011. the 2 year contracts would have expired last year.
Are you sure? I'm pretty sure the last line on my family plan that was upgraded to a standard 2 year contract with unlimited data doesn't expire until June 2014.
11/11/11 when the Droid RAZR debut, unlimited was still intact.
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Yes. I keep saying that the contract on the last unlimited line on my family plan doesn't run out until June 2014, which means it was still available in June of 2012, but people still keep trying to say that unlimited ended sometime in 2011. *facepalm*I believe the last of the grandfathered upgrades were allowed in June/July of 2012.